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Investment in Hotel Properties (Details) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Investments Schedule [Abstract]    
Land and improvements $ 72,607 $ 63,428
Building and improvements 424,960 360,301
Furniture, fixtures and equipment 29,041 21,381
Renovations in progress 6,338 5,145
Investment in hotel properties, at cost 532,946 450,255
Less accumulated depreciation (31,908) (24,181)
Investment in hotel properties, net $ 501,038 $ 426,074